Lucid Joins EV Price Wars

By Parkev Tatevosian, CFA – Aug 11, 2023 at 4:38PM

NASDAQ: LCID

Lucid Group

Market Cap

$6B

Today's Change

(0.41%) $0.01

Current Price

$2.46

Price as of April 26, 2024, 4:00 p.m. ET

Lucid's latest earnings release with less-than-stellar consumer demand can explain management's choice to cut prices.

Fool.com contributor Parkev Tatevosian reviews Lucid's (LCID 0.41%) latest investors update and answers if investors should buy Lucid stock right now.

*Stock prices used were the afternoon prices of Aug. 8, 2023. The video was published on Aug. 10, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.